COURSE: BACHELOR OF COMMERCE (BCOM) UNIT: INTRODUCTION TO MACRO-ECONOMICS QUESTION: MICRO-ECONOMICS AND MACRO-ECONOMICS INTRODUCTION Economics is the foundation of all commercial activity and comprises two areas: microeconomics and macroeconomics. Macroeconomics is concerned with the big picture‚ for example‚ the national economy and gross domestic product. By contrast‚ microeconomics is concerned with the small picture and focuses on theories of supply and demand. Microeconomics is
Free Economics Macroeconomics
International Financial Management Theory Questions 1) Compare and Contrast the theories of interest rate parity‚ purchasing power parity and international fisher effect. Interest Rate Parity(IRP)- Suggests a relationship between the interest rate differential of two countries and the forward premium/discount. Purchasing Power Parity(PPP)- Suggests a relationship between the inflation rate differential of two countries and the percentage change in the spot rate overtime. International Fisher
Premium Inflation Money Foreign exchange market
BUSINESS ECONOMICS Date: Wednesday 13‚ October‚ 2010 Reading Commences: Writing Commences: Duration: 3 hours Venue: Off Campus Partner Providers Course Coordinator: Paul McPhee Total marks: 60 Instructions to candidates: 1. Print your name and student number on the Examination Paper and Answer Book. At the conclusion of the examination you must hand in both the examination question paper and your answer booklet
Premium Economics Inflation Supply and demand
w w ap eP m e tr .X w UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS for the guidance of teachers 9698 PSYCHOLOGY 9698/12 Paper 1 (Core Studies 1)‚ maximum raw mark 80 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate the details of the discussions that took place at an Examiners’ meeting before marking
Premium General Certificate of Secondary Education Nature versus nurture
Terms and Definitions related to Economics Administered price: A price set not by the forces of demand and supply‚ but by some authority like the Government or a regulatory authority. Agenda 21: Programme of action adopted at the Earth Summit in 1992. It has 21 chapters dealing with all aspects of sustainable development‚ conservation‚ and resource management. Appropriation Bill: A bill introduced in the Parliament together with the budget‚ seeking the approval of the House to permit expenditure
Premium Inflation Economics
MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMICS ____________________________________________________________________________________________ 1.0 INTRODUCTION – THE SUBJECT MATTER OF ECONOMICS Economics comes from the verb ‘to economise’‚ and this means making ends meet. This is a study of how society makes decisions‚ regarding the allocation of scarce resources. Economics as a subject is divided into two parts; Economics‚ social science concerned with the production‚ distribution
Premium Supply and demand Economics
Economics Activity Points % of Total Discuss 105 6% Exam 60 3% Final Exam 100 5% Journal 140 8% Practice 360 19% Quiz 540 29% Test (CST) 350 19% Test (TST) 200 11% Total Points for the Course : 1855 Unit 1: The Game of Economics Lesson 1.1: What Is Economics Anyway? Activity 1.1.1: Study - What Kind of Game? (Documents: Study Sheet) See how economics can be understood as a game with rules that is played by people with different roles. Duration: 40 min Activity
Premium Economics
Question 1. What are the vital functions of an Economy? Explain the price mechanism. Answer:- An economy refers to the financial system of the region‚ province or nation. "It is a system by which folks get a livelihood." For instance the "Economy includes farms‚ factories‚ mines‚ shops‚ banks‚ roads‚ railways‚ aircrafts‚ offices‚ schools‚ cinemas etc.‚ which grants the people with the goods and services which they also use themselves or sell overseas in order to be able to buy imports." Sir John
Premium Economic system Capitalism Market economy
Business and Economic Environment Assignment Brief Assessment Activity Front Sheet This front sheet must be completed by the learner and included with the work submitted for assessment. Programme Advanced Diploma in Contemporary Contexts Unit Module Business and Economic Environment Learner Name Assessor Name Lilian Onuegbu Date Issued 21 February 2014 Hand in Date 16 May 2014 Submitted on Internal Verification Yes
Premium Macroeconomics Monetary policy Keynesian economics
Chapter 1: ECONOMIC INTERDEPENDENCE.- “ When the U.S sneezes‚ the economies of other nations catch a cold” GLOBALIZATION . Is the process of greater interdependence among countries and their citizens. Agglomeration Economies.- are a powerful force that help explain the advantages of the "clustering effect" of many activities ranging from retailing to transport terminals. (Urbanization‚ Industrialization‚ Localization economies) FOREIGN OUTSOURCING.- Certain aspects of a product’s manufacture
Premium International trade